CMOC

The stock declined roughly 1%, with the morning session's intraday high at 16.81 HKD (09:45) followed by afternoon weakness, dipping to 16.02 at 13:03 before closing at 16.27, reflecting tension between strong fundamentals and mounting supply chain concerns. Q1 2026 delivered robust results: net profit surged 108.18% year-over-year to HKD 8.8 billion, revenue increased 52.8% to HKD 75.2 billion, and EPS jumped 111.72% to HKD 0.41, with a P/E of just 12.72x. However, the mining sector faced headwinds from Panama copper mine restart concerns. Regarding valuation, though the stock rebounded 87.88% from July's low of 8.66, it remains 19.3% down year-to-date and 35.54% below the 52-week high of 25.24, currently hovering between its 20-day and 60-day moving averages.

Luoyang Molybdenum Group closed 2% lower at HKD 16.50 today, pressured by global supply chain restructuring and elevated US rate-hike odds. Mining firms across Hong Kong are undergoing a stress test from supply chain overhaul, while the probability of a September Fed hike stands at 80%, weighing on resource stocks broadly. In contrast, the company's Q1 2026 results are robust: EPS surged 111.72% year-over-year to HKD 0.4081, revenue jumped 52.8% to HKD 75.28 billion, and net profit soared 108.18% to HKD 8.80 billion with a striking ROE of 36.18%. The stock trades at a 34.63% discount to its 52-week high of HKD 25.24, with a PE multiple of just 12.9x, suggesting valuation cushion. Down 18.15% year-to-date, the decline reflects a market grappling with macro uncertainty against fundamentals-driven momentum; today's weakness may partly reflect profit-taking following the earnings release.

The stock opened higher but weakened into the close, reflecting cautious positioning ahead of further earnings confirmation. Q1 2026 results were exceptionally strong with net profit surging 108.18% year-over-year, EPS jumping 111.72% year-over-year, and operating revenue climbing 52.8% year-over-year, delivering a net margin of 11.69% and return-on-equity of 36.18%, while the valuation at PE 13.17x appears quite attractive. However, the stock has retreated 33.28% from its 52-week peak of HK$25.24 set on January 28 and remains down 16.47% year-to-date, currently trading below the 60-day moving average of HK$17.56 at HK$16.84. Market participants remain concerned about global supply chain restructuring and metal price volatility, which may dampen tungsten-molybdenum demand momentum. Despite these headwinds, the company's exceptional profitability and reasonable valuation continue to offer meaningful support, with near-term recovery likely dependent on confirmation of metal demand trends ahead.

3993 declined 4.5% to close at HKD 16.82 today, peaking at HKD 17.09 in the morning session before pulling back in the afternoon, as investors took profits following recent strength while mining stocks faced structural headwinds from global supply chain restructuring. Fundamentally, the company delivered robust Q1 2026 results with revenue of HKD 75.28 billion, up 52.8% year-over-year, and net profit surging 108.2% to HKD 8.80 billion; EPS more than doubled to HKD 0.41 with ROE reaching 36.18%. The stock has retreated 33% from its 52-week high of HKD 25.24 recorded in late January, declining 16.57% year-to-date, though trading at a modest valuation of 13.16x P/E and above its 60-day moving average of HKD 17.57. Market participants are cautiously reassessing the macroeconomic backdrop affecting the sector.

China Molybdenum edged up 1.44% to HK$17.61, supported by robust first-half 2026 earnings guidance announced recently. The company projects 1H26 net profit to surge 78.8%-90.3% year-over-year, with Q1 EPS reaching HK$0.4081 (up 111.72% YoY) and revenue at HK$75.28B (up 52.8% YoY), pushing net margin to 11.69%, well above expectations. Positionally, the stock has rebounded 126% from its 52-week low of HK$7.79 but still trades 30% below the 52-week high of HK$25.24, hovering above the 60-day moving average of HK$17.60. Intraday action showed initial strength as the stock touched a session high of HK$18.04 before paring gains in afternoon, signaling profit-taking pressure. Year-to-date performance remains down 12.65%, keeping the stock in recovery mode.